Energy Sector Holding Back S&P 500 Revenues, Earnings

It looks like low oil prices are here to stay, and that's not good news for the oil and gas industry. Moreover, the beleaguered energy sector has clearly become a major drag on the overall performance of the S&P 500. According to a July 24th report from FactSet Insight, ex-energy firms, the S&P 500 earnings growth rate is actually 4.1% instead of an anemic -2.2% including the oil and gas sector.

John Butters, Senior Energy Analyst for FactSet, highlights the poor numbers for the energy...

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